Dr. James Thompson explains the key differences in U.S. and Canadian banking
Recent rhetoric has emerged alleging that U.S. banks aren’t allowed to do business in Canada, which is untrue. U.S. banks have been operating in Canada for well over a century with 16 U.S.-based bank subsidiaries and branches managing $113 billion in assets here in the country.
James Thompson, SAF professor and co-director of the Computing and Financial Management program, breaks down how U.S. banks operate in Canada—challenging misconceptions and offering key insights on cross-border banking.